Credit rating agency -- CRISIL Ratings has reaffirmed Avenue Supermarts’s rating on the bank facilities and commercial paper of the company at ‘AA+’ with stable outlook. The ratings continue to reflect the strong market position of the company in the domestic organised food and grocery (F&G) retail market and its robust financial risk profile. These strengths are partially offset by modest, though improving, geographic reach and susceptibility to regulatory changes and intense competition.
Avenue Supermarts is a Mumbai-based company, which owns and operates DMart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home and personal products under one roof.
